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The Latest Breaking News from China

Why Laguna Woods? Mysteries still loom in Taiwanese church shooting

LOS ANGELES — While the suspect in the Laguna Woods church shooting has been charged with multiple felony counts, some key mysteries remain about the attack on a Taiwanese church that left one dead and five wounded.

Los Angeles Times

California shooting highlights growing tensions between Taiwan and China

TAIPEI, Taiwan — The man accused of opening fire inside a Taiwanese church in Laguna Woods, California, on Sunday is believed to have been driven by hatred for Taiwanese people and the political belief that Taiwan is a part of China, highlighting the increasingly fraught geopolitical situation in the Taiwan…

Los Angeles Times

2 Steel Stocks to Buy on the Dip: Nucor and United States Steel

Amid depressed demand due to China’s ongoing COVID-19-related lockdowns and disrupted global supply chains owing to geopolitical tensions, steel prices have witnessed a significant decline over the past month. However, amid the market sell-off, we think buying the stocks of fundamentally sound steel companies Nucor (NUE) and United States Steel…

StockNews.com

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Biden adviser Sullivan and China's Yang held phone talks, White House says

President Joe Biden's national security adviser Jake Sullivan held a phone call on Wednesday with China's top diplomat Yang Jiechi in which they focused on regional security issues and nonproliferation, the White House said in a statement.

Reuters

U.S. official meets Tibetan delegates in Dharamshala

U.S. Special Coordinator on Tibet Uzra Zeya is also expected to meet with the Dalai Lama

The Hindu

China blasts US, Japan rhetoric ahead of Quad summit

Chinese Foreign Minister Wang Yi has criticized what he called negative moves by Washington and Tokyo against Beijing ahead of a meeting in Tokyo next week of the leaders of the U.S., Japan, Australia and India

The Independent UK

China Loosens Covid Testing Rules for Travelers From U.S.

Passengers only need to take nucleic acid tests closer to departure date, no longer require antibody test results

Caixin Global

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China In Talks With EV Manufacturers To Extend EV Subsidies Beyond 2022: Report

Chinese electric vehicle manufacturers that bore the brunt of the domestic COVID-19 lockdowns could be in for a reprieve. What Happened: With the looming expiration of EV subsidies, China's policymakers have initiated discussions with domestic manufacturers regarding the extension of the program, Reuters reported, citing people familiar with the matter.

Benzinga

Jaishankar to attend BRICS Foreign Ministers’ meet on May 19

This is the first meeting of BRICS Foreign Ministers since Russia’s invasion of Ukraine

The Hindu

Report: China Considers Extension Of EV Subsidies Beyond 2022

China is the world's largest and also one of the fastest-growing plug-in car markets, which in substantial part was possible through subsidies and tax breaks.

InsideEVs

China: Wuling Hong Guang MINI EV Notes Its First Sales Drop

According to the China Passenger Car Association (CPCA)'s data, in April, some 24,908 Wuling Hong Guang MINI EVs were sold, which is 6% less than a year ago.

InsideEVs

Charges filed over money sent to North Korean IT developer

YOKOHAMA -- The Kanagawa prefectural police sent papers to prosecutors Wednesday on a Japan-based South Korean man and a woman with Korean heritage for allegedly transferring money to a China-based North Korean software developer illegally.

The Japan News/Yomiuri

Baidu's Chip Affiliate Explores Second Funding Round, Wants To Capitalize On Growing Appetite From Venture Capitalists

Baidu, Inc (NASDAQ:BIDU) chip affiliate Kunlun discussed raising 2 billion yuan ($317 million) in its second funding round, Bloomberg reports. Kunlun has deployed its AI chips to power Baidu's core searching services, and the new financing will help it further expand its client base beyond its parent in a market dominated by Nvidia Corp (NASDAQ:NVDA). Demand…

Benzinga

Tencent Misses Q1 Revenue As Regulatory Crackdown Takes Its Toll

Tencent Holding Ltd (OTC:TCEHY) reported first-quarter FY22 flat revenue growth year-on-year to 135.5 billion yuan ($20.1 billion), missing the consensus of 141 billion yuan as China started approving gaming licenses. Revenues from VAS were stable Y/Y at 72.7 billion yuan. Domestic Games revenues decreased by 1% Y/Y to 33.0 billion yuan due to the…

Benzinga

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ABC News

Philippines president-elect Ferdinand Marcos Jr says Manila and Beijing to expand relationship

President-elect Ferdinand Marcos Jr says relations between the Philippines and China will "shift to a higher gear" under his administration after Chinese President Xi Jinping assured him of support for his "independent foreign policy".

InsideEVs

China Clones Classic Mini, Wants To Bring It Back As An EV

The original Mini went out of production in the year 2000, but now they want to revive it in China to sip on electrons.

Evening Standard

Burberry downplays impact of Chinese lockdowns despite shut stores

British luxury brand is hoping for a swift ‘rebound’ as restrictions ease

Benzinga

DouYu Registers 17% Revenue Decline In Q1 Amid China's Live Streaming Crackdown

DouYu International Holdings Limited (NASDAQ:DOYU) reported a first-quarter FY22 revenue decline of 16.6% to $283.3 million year-on-year, beating the consensus of $253.2 million. HUYA Inc (NYSE:HUYA) revenue missed the Q1 consensus amid China's live streaming crackdown and COVID resurgence. Segments: DouYu's Livestreaming revenues decreased by 13.6% Y/Y to $272.5 million due to prudent operating strategies in anticipation…

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Asharq Al-Awsat

China Eastern Crash Probe Looks into Crew Actions

Investigators looking into the crash of a China Eastern Airlines jet are examining the actions of the crew on the flight deck, with no evidence found of a technical malfunction, two people briefed on the matter said. In mainland China's deadliest aviation disaster for 28 years, the Boeing 737-800 crashed…

The Independent UK

China: No information provided about March plane crash

China says that U.S. investigators haven’t released any information about the cause of a China Eastern Airlines jetliner crash in March after The Wall Street Journal reported data from its flight recorder indicated someone pushed the Boeing 737-800 into a steep dive

Bangkok Post

Philippines' Marcos wants China ties to 'shift to higher gear'

MANILA: Philippines president-elect Ferdinand Marcos Jr on Wednesday said his country's relations with China will expand and shift to a higher gear under his administration, and Beijing had assured him of its support for his "independent foreign policy".

The News Lens

US Strongly Advocates for Taiwan to Regain WHO Status

The State Department’s renewed support for Taiwan comes days after U.S. President Joe Biden signed into law a bill that directs the secretary of State to develop a strategy to regain observer status for Taiwan in the WHO.

Reuters

Philippines' Marcos wants China ties to 'shift to higher gear' under his presidency

Philippines president-elect Ferdinand Marcos Jr on Wednesday said his country's ties with China will expand and "shift to a higher gear" when he takes power, signalling intent to advance outgoing leader Rodrigo Duterte's pro-Beijing agenda.

The Independent UK

EXPLAINER: What's behind difficult Taiwan-China relations?

U.S. authorities say the gunman behind an attack on a church in southern California in which one person was killed and five injured was motivated by a hatred for Taiwan

Bangkok Post

Japan 'sounded out' about hosting 2023 Asian Cup

TOKYO: The Japan Football Association (JFA) has been informally approached about the possibility of replacing China as hosts of next year's Asian Cup, chairman Kozo Tashima told Nikkan Sports.

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